Social Security Retirement: The Clear and Compelling Answer – Age at 62, 66, or 70?
Majority Missing Out on Optimal Payouts
The Motley Fool reported that just 8% of Social Security claimants aged 62, 63, and 64 chose the best benefits. A 57% may have earned more by waiting until 70 for awards. This reveals that most people don’t manage their money well. Everyone should carefully examine when to start collecting Social Security to optimize its long-term advantages.
READ ALSO: SSI Check 2024: February Social Security Payment Schedule And Tips For Recipients
What You Can Do to Get More Social Security
Many retirees get Social Security. Only 8% of persons who started collecting Social Security at 62, 63, or 64 earned the greatest money. Some 57% might have obtained more by waiting until they were 70.
READ ALSO: $583 Boston Guaranteed Income Program Transforms Lives With Monthly Boost
Deciding When to Get Social Security Money: What to Think About?
Knowing when to obtain Social Security is crucial. The research suggests considering health, finances, and other factors when choosing an age. No one size fits everyone. To make the greatest money, people should consider their needs. This will improve and secure their retirement.